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FTSE 100 shares end in the red (AFP)
LONDON (AFP) – London shares were in the red on Monday, led by retail stocks as recession fears stalked investors. The FTSE 100 index lost 2.38 percent at 4,132.16 points. Vodafone was the most traded stock, seeing 167 million units change hands, followed by the Royal Bank of Scotland which saw 140 million shares switch owners. Icap led the board, up 11.75 pence -- or 5.76 percent -- to finish at 251.5. Petrofac was next, rising 6.75 pence -- or 2.02 percent -- to stand at 366.75. HBOS was the top casualty, declining 5.10 pence -- or 13.9 percent -- to finish at 74.5, followed by RBS losing 17.25 pence -- or 12.4 percent -- to end at 44.7. Meanwhile, the pound climbed against the US dollar and the euro. Sterling was worth 1.4990 dollars at 15:58 GMT, up from 1.4669 at last week's close, while it rose to 1.1862 euros from 1.1694 during the same period. |